payment float
1Payment float — Company written checks that have not yet cleared. The New York Times Financial Glossary …
2payment float — company written checks that have not yet cleared . Bloomberg Financial Dictionary …
3float — The use of funds generated as a result of timing differences in the check clearing system. For banks, float occurs because debits given by the Federal Reserve to a bank s reserve account for checks being cleared can be received prior to the time… …
4Float Time — The amount of time between when an individual writes and submits a check as a payment and when the individual s bank receives the instruction to move funds from the account. Before the implementation of the Check Clearing for the 21st Century Act …
5float — The delay in processing transactions by banks and others which may permit the interest free use of funds for brief periods. Checks that have been credited to the depositor s bank account, but not yet debited to the drawer s bank account. The time …
6float — The delay in processing transactions by banks and others which may permit the interest free use of funds for brief periods. Checks that have been credited to the depositor s bank account, but not yet debited to the drawer s bank account. The time …
7payment processing float — See administrative float. American Banker Glossary …
8float analysis — An analysis of an organization s disbursements to determine the approximate number of days between issuance of a check and presentation of the check for payment at the organization s bank. American Banker Glossary …
9Availability Float — The time period between when a deposit is made and when the funds become available in an account, specifically relating to check deposits. The availability float exists because banks have to process physical checks before releasing funds, meaning …
10administrative float — Float resulting from the time it takes to administratively process checks or other related paperwork. Total elapsed time for processing checks can range from less than a day to more than a week. Note that its basic elements are present whether… …
